Wednesday, April 20, 2011

What if Obama Is Mistaken and $7 Gas Is Not the Answer

Three - now four - now five - now six on the way to seven or higher.  Yes, gasoline at the pump is five at the pump in places, on the way to six very soon.  Will it stop at seven?  That is the price that Obama said even months ago that he was hoping for.  He is doing all in his power to bring this about when by opening up more drilling he could lower the price.  If  he gets his way and oil and gas prices go out of sight, will this actually have the effect he wants, of turning people away from fossil fuels and depending on "green" energy?  He is getting the high gas prices he wants and he may get the exorbitant utility bills he wants imposed on us all. 

One thing is certain; the suffering economy is taking a blow that it may be unable to survive.  The dollar is continuing to weaken as you know if you visited a grocery store.  This inflation is being driven by the high cost of energy, which affects every thing.  More than two-thirds of economists surveyed identified oil prices as the most serious risk facing the economy.  While we know Obama and his nutty cohorts are directly to blame, is also find fault with Congress. They continue to allow boondoggles like subsidies for ethanol, solar panels and other crap to go on without raising hell.  If I had a voice I would should and scream and curse every day.

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